Labour peer to end non-dom status

The billionaire steel magnate says he will pay UK tax on his overseas earnings to comply with new laws being introduced by the Government, the BBC reports. Police have no plans to investigate his expenses, he added. The Tories have repeatedly highlighted Lord Paul's tax status in response to criticism of their deputy chairman Lord Ashcroft's non-dom status. Ashcroft is estimated to have saved £127m in tax during the ten years since he took his seat in the Lords, according to Lib Dem research. A measure to ban non-doms - who do not pay UK tax on overseas earnings - from sitting i...